Instinet appoints new CEO

Instinet announced the appointment of Ralston Roberts as Chief Executive Officer of Instinet Incorporated (“Instinet”). He succeeds Jonathan Kellner who recently stepped down to pursue an opportunity outside the firm.

Steven Ashley, Head of Wholesale and Global Markets, and Chairman of Instinet Incorporated said, “Instinet’s technology-focused, agency execution model continues to play an integral part of the strategic ambitions we have for our Global Markets franchise. I am delighted to welcome Ralston who brings to the firm his extensive experience in the electronic trading and securities execution services businesses.”

He continued: “As Instinet celebrates its 50th anniversary next year, a testament to the firm’s ability to nimbly adapt to an ever-changing market and regulatory landscape, under Ralston’s leadership, our aim is to continue to advance and evolve the Instinet platform with a key focus on delivering for our clients”.

Roberts said: “I am extremely excited to join Instinet, the “original fintech,” that introduced electronic trading to the financial markets, at a very interesting point in the firm’s history. I also look forward to working alongside this great team of seasoned trading, technology, and service experts, further expanding the firm’s valuable client offering and global footprint.”